Remove APR Remove Dealerships Remove Lessee
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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

Still, S&P Global Mobility notes the average APR has risen for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300–600. APR in August versus 5.4% According to S&P Global Mobility, credit unions now offer the lowest average rates in the industry at an average 4.7% for captives and 6.2%

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OEM Trends in Customer Financing

Automotive Mastermind

Captive financing is the financial arm extended by OEMs to the dealership level. Simplifying the customer experience around the captive financing power at your dealership is critical to improving the overall dealership customer experience — especially when it comes to F&I discussions. make loyalty, respectively).

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Tesla Finally Offers Lease Buyout Option, But Do The Math First

Carscoops

The company also offers 0% APR financing for the Model 3 and Y, which might be a better deal. Tesla, always the one to move the finish line just as its customers are about to cross it, has finally decided to let lessees buy out their leases. The fine print also reveals that third-party dealerships can now buy out the leased vehicles.

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